Whether it is independent living or assisted living, your choice of retirement living option depends largely on many factors. There are several types of retirement communities, and the cost of senior living in Maryland depends on the amount of care services an aging adult needs.
Considering the needs, the pricing value of the retirement community is sometimes influenced by your retirement decision. When a retirement community offers more in-depth care and services, they come with a higher price tag but the trade-off is worth it.
The Cost of Independent Living
Independent Living is a senior living option designed to cater to the needs of independent older adults. This community enables healthy aging adults to enjoy a lifestyle filled with recreational, educational and social activities with residents.
This type of community offers additional support, on-site amenities and recreational activities for aging adults living in the community. They offer services such as housekeeping and maintenance, numerous dining options, laundry and many others. This allows residents to enjoy their free time participating in activities that interest them. The cost of independent living varies uniquely among communities, but the average cost of independent living can be anywhere from $1500 to $10,000.
Assisted Living Community
This type of senior living is designed for people who are in need of numerous levels of personal and health care. It puts into consideration older adults who are no longer safe living independently or alone. The services offered by assisted living communities differ from community to community.
Usually, their services include housekeeping and laundry, 24-hour emergency care and social & recreational activities. The price of assisted community varies independently among communities but it is within the range of $4,500 per month to $54,000 per year.
Memory Care Community
Memory Care is a senior living option often considered when it’s becoming increasingly difficult to care for your loved ones battling with Alzheimer’s disease or dementia. Memory Care is a long-term residential care community that offers basic services to provide intensive and specialized care for aging adults living with memory issues.
They are designed to specifically provide safe, planned activities and a well-arranged environment with capacities to lower stress for people with Alzheimer’s or dementia. Teams of specially trained professionals will also attend to unique issues that may arise due to memory-related issues. Memory care costs between the range of $3,000 to $10, 000 per month.
Senior Respite Care
Respite care is a senior living option that provides short-term stays for aging adults in assisted living communities that provides 24-hour care and support, life-enrichment activities, and on-site medical assistance. Contrary to assisted living, respite care is typically an option for aging adults when current caregivers need a break or more assistance. This may happen if they have obligations outside of the state, have additional medical requirements, or simply as a flexible alternative.
The price of respite care will differ depending on the level of care needed, how long you stay, where you live, and the community you choose. In assisted living communities, short-term respite care often costs $150 to $300 per day.